A bankruptcy filing by GM or Chrysler would close plants, fire tens of thousands of workers and cut production. That would cause many suppliers to collapse, triggering more job losses, straining the cities and states where car and parts companies operate, as well as federal safety-net programs. It would also deliver another psychological blow to consumers and a major shock to Main Street following the crises on Wall Street. |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.